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This article provides a clear understanding of the fields Last transition for New Value? and Is Current(New Value)? within the History Section  section on the reports sidebar.

Instructions

To find the fields, navigate to Jira Menu → AIO Reports → My Area → My Reports → Open a report/Create report → Sidebar → History section.
Look for Last transition for New Value? and Is Current(New Value)? Both the fields work with reference to concerning History Old Value and History New Value fields. 

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Last transition for New Value? - Consider an issue has is transitioned from one status to another multiple timestime, then the Last transition for New Value?  will have the flag value Y for the last previous transition for any status. 

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Consider the workflow as shown below:
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And if the issue is transitioned from Open → In Progress → Done → Re-Open → In progress → Done, then the last transition for Open status is #1, hence the flag value Y for the field Last field Last transition for New Value?. And the new value of the Current status for the issue is Done hence the therefore, Flag Y for #6.

S.No

History Old Value

History New Value

Last transition for New Value?

Is Current (New Value)?

1

-

Open

Y

-
2

Open

In Progress

-

-

3

In Progress

Done

-

-

4

Done

Re-open

Y

-

5

Re-Open

In Progress

Y

-

6

In Progress

Done

Y

Y

...

Refer to the issue's History tab and the report results:

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